v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Cash flows from operating activities:              
Net income (loss) $ (565,139) $ 4,149,246 $ (424,508) $ (348,409) $ 3,584,107 $ (772,917)  
Adjustments to reconcile net income (loss) to net cash from operating activities:              
Amortization – intangible assets         72,524 68,190  
Amortization of debt discount 246,768     430,025  
Derivative recorded as loan fees in interest expense         42,120  
Change in fair market value of derivative liabilities 87,709     101,957  
Gain on exchange of intangible assets         (4,064,680)  
Gain on settlement of debt     (440,619)  
Changes in assets and liabilities:              
Prepaid expenses         (47,660) 2,348  
Other receivable         (230,218)  
Accrued expenses         (220,793) 33,922  
Accrued interest         3,306 $ 121,000
Deferred revenue – related party         (460)  
Due to related party         26,630  
Total net cash provided by (used in) operating activities         (770,391) (641,827)  
Cash flows from investing activities          
Cash flows from financing activities:              
Proceeds from convertible notes payable         1,175,650  
Proceeds from notes payable         109,200  
Repayment to note payable         (1,012)  
Repayment to related party         (613,033)  
Advances from related parties         260,051 421,822  
Total net cash provided by (used in) financing activities         930,856 421,822  
Net increase (decrease) in cash and cash equivalents         160,465 (220,005)  
Cash and cash equivalents, beginning of period   $ 158,193   $ 270,095 158,193 270,095 270,095
Cash and cash equivalents, end of period $ 318,658   $ 50,090   318,658 50,090 $ 158,193
Supplemental disclosure of cash flow information:              
Interest paid         1,733  
Taxes paid          
Non-cash financing activities:              
Settlement of bridge loans and accrued interest using ION.au units         1,331,000  
pmUSD Tokens received and held on behalf of third-party         1,331,000  
Debt discount recorded for derivative liability         577,300  
Debt discount recorded for original issuance and loan fees         $ 207,679